Review on VINEX Network by Diane Tailor
vinex network is not ideal exchange to trade crypto (in my opinion)
Vinex exchange is a secure exchange whose user system is done with the help of midasprotocol. Registration in this exchange is done through the Midas website, and of course this registration is very easy and has a few steps (screenshot below review)
All assets are stored in the offline wallet through cold storage, which protects the exchange from hackers.
vinex in the last 24 hours has a trading volume of about 557 thousand dollars, which is a small amount for a crypto exchange, and this is one of the few active traders in this exchange. Given that vinex has been open since 2018, it is expected to gain more trading volume and reputation within 2 years.
Trading fees are very high and I do not think vinex has a special advantage that a user is willing to work in vinex by paying more fees compared to exchanges like Binance. Except for tokens that are only active in this exchange pair.
Updated 3 years ago
Rating changed from 3 to 1
I intended to visit the project website for the previous review update, but unfortunately we only come across a statement that the project seems to have encountered a problem.
Also, the currency of this project in coinmarketcap is currently marked as untracked, which is not good news at all, and I do not have access to know where this currency can be bought or sold!
Pros
- Assets will be in the offline wallet after transfer to this exchange
- Collaborate with midasprotocol in the direction of the user panel
- Support all hours and all days of the year
Cons
- Trading fees are higher than other popular exchanges
- Low volume of transactions in this exchange
- Due to the volume of transactions, vinex after 2 years of activity has not been able to attract users to use this exchange
